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Tuesday, 4 December 2018

ETFMG Alternative Harvest ETF (NYSE: MJ): 4 December 2018, Tuesday, 5.25pm Singapore Time

ETFMG Alternative Harvest ETF (NYSE: MJ): 
4 December 2018, Tuesday, 5.25pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for ETFMG Alternative Harvest ETF that is listed in the NYSE. The ETF is correlated to the Prime Alternative Harvest Index that tracks companies which are Marijuana related. In essence, it is a Marijuana industry-related ETF, and is almost totally independent of any trade war effect (more risk-free but very high beta industry). The Marijuana industry is on both the powerful black up-channel and the more accelerated orange up-channel. The uptrend is strong. The volume flow as circled in blue (Blue Circled Region) shows that small retailers are the ones selling and big players and smart monies are the ones persistently buying. This means the uptrend has strong legs. Expect the Marijuana stocks to be in play again soon. 

The Donovan Norfolk Technical Rating:
Bullish

Wednesday, 28 November 2018

Weekly Chart of Alibaba Group Holdings (NYSE: BABA): 28 November 2018, Wednesday, 8.38pm Singapore Time

Weekly Chart of Alibaba Group Holdings (NYSE: BABA): 
28 November 2018, Wednesday, 8.38pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the weekly chart technicals for Alibaba Group Holdings that is listed in the US Market (NYSE: BABA). Alibaba share prices is acting in accordance to the technicals of how a strong stock should be. In the weekly technicals, RSI of 30-35 never fails to re-start a rally on Alibaba, and the rally has always been significant. This happens because Alibaba is a strong company and smart monies like this company. Alibaba has hit such an RSI again at 30-35, and the volume flow is bullish now. Any high red volume bars are quickly negated by high green volume bars suggesting there was a lot of selling absorption (transfer of hands from plenty of weak minded fearful retailers to strong mental strength smart monies). 

Past Alibaba Analyses:
http://donovan-ang.blogspot.com/search/label/Alibaba

Wednesday, 21 November 2018

Steel: 21 November 2018, Wednesday, 4.59pm Singapore Time

Steel: 
21 November 2018, Wednesday, 4.59pm Singapore Time
(Click on Technical Chart above to Enlarge)

Attached is the Technicals for Steel. The Green Circled Region is my live fore-warning back in 2016 that Steel prices would rock bottom in 2016 and that the region will be the launch of Secular Cycle Wave Up, especially for hard commodities such as Steel and its supplementary association -- Coaking Coal. Steel rallied after my buy call point. In end-2017, it made a defining pivot at 4750 Yuan per MT. In entire 2018, Steel was supposed to be one of those commodities to be hit by the so called infamous "Trade War" between US and China, but 95% market herd did not even realise that Steel Prices were unaffected at all -- not even the slightest pinch of ant's bite. Current Economic Cycle's Minimum Target Price for Steel is 9500 Yuan per MT (refer calculations on chart). The Expectation Target Price is 14,250 Yuan per MT. This marks a +633% returns from my buy point and +317% from current point). Bullish on Steel and Steel Stocks.

iPath S&P500 VIX Short Term Futures ETN (NYSE: VXX): 21 November 2018, Wednesday, 10.04am Singapore Time

iPath S&P500 VIX Short Term Futures ETN (NYSE: VXX): 
21 November 2018, Wednesday, 10.04am Singapore Time
(Click on Technical Chart above to Enlarge)

While collecting mid term and long term quality stock buys, there may be some need to hedge oneself slightly in the short term with some VIX or index options. Attached is the iPath S&P500 VIX Short Term Futures ETN (NYSE: VXX). When stock market indices go down, VXX spikes up in the short term. The projected target for VXX is $48.75. Take profits of the hedges at $48.75 region. 

Tuesday, 20 November 2018

Malaysia Steel Works (MASTEEL) (KLSE: 5098): 20 November 2018, Tuesday, 2.20pm Singapore Time


Malaysia Steel Works (MASTEEL) (KLSE: 5098): 
20 November 2018, Tuesday, 2.20pm Singapore Time
(Click on Technical Chart above to Enlarge)

I am officially adding significant positions in Malaysia Steel Works (MASTEEL) now after 1st initial torpedo in early 2018. The black structure is the 10-Year SuperCycle Bullish Wedge that will result in Super-Cycle Bull of a Lifetime. As reiterated that 2008-2018 is 1st half of secular bull, with 2018-2028 making up 2nd half of the secular bull, the green circled region is the SuperCycle breakout. The brown circled region is the SuperCycle's treacherous backtest of a lifetime to confirm for SuperCycle's Bull of a Lifetime. Refer to detailed calculations on Chart. MASTEEL can be expected to hit a minimum TP of 2.7600 from current price of 0.4800, and has an expectation TP of 3xPivot= RM 4.14 (Current Price RM0.48).

【Do not follow the herd shouting for bear or drawing bearish charts cluelessly】

The Current State of Steel (Major Steel and Steel Stocks Rally Expected Ahead): 20 November 2018, Tuesday, 10.12am Singapore Time


The Current State of Steel (Major Steel and Steel Stocks Rally Expected Ahead): 
20 November 2018, Tuesday, 10.12am Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals of VanEck Vectors Steel as a litmus for the Current State of Steel. The entire 2018 had been used for massive re-accumulation of commodities. Steel is one of them. The bullish descending wedge spanning 2018, which is supposed to create massive bearishness among the naive herd, is going to complete soon. When it completes, Steel and Worldwide Steel Stocks will resume the next big wave up in 2019-2020.

【Do not follow the herd shouting for bear or drawing bearish charts cluelessly】

Sunday, 18 November 2018

The True Picture of Yangzijiang Shipbuilding: 18 November 2018, Sunday, 5.27pm Singapore Time

The True Picture of Yangzijiang Shipbuilding: 
18 November 2018, Sunday, 5.27pm Singapore Time
(Click on Technical Chart above to Expand)

1. As reiterated, 1st half of the bull market runs from 2008-2018 and 2nd half of bull market runs from 2018-2028. Mid point of secular bull: 2018 (for conviction shakeouts)
2. Yangzijiang has consolidated in a large symmetrical triangle and has broken up the triangle of 2008 to 2018; we are now entering into 2nd half of the secular bull market where majority gains are to be made. With the backtest in 2nd green circle, expect Yangzijiang to break up $2.70 historical high and go for breakup of $3.00 psychological resistance.
3. You can be sure 95% herd are either bearish, calling for bear market, calling recession and calling for crisis. We are in super-cycle bull market of a life time. 

【Don't be a fool and follow the herd shouting for bear or drawing bearish charts-- cluelessly like a headless chicken.】

Updated Technicals of Wilmar International: 18 November 2018, Sunday, 2.35pm Singapore Time

Updated Technicals of Wilmar International: 
18 November 2018, Sunday, 2.35pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Updated Technicals for Wilmar International, a major palm oil company that is listed in the Singapore SGX. Wilmar is currently still doing a large rounding bottom of re-accumulation. The first 3 dark orange circled regions are where extreme high volumes could not crush Wilmar -- these are secret buying volumes by smart monies in the market. The 4th orange circled region is confirmation on buying volumes. Wilmar's current big rounding accumulation coincides with where the worst of all trade war fears merely confirmed a large higher low. It is a confirmation of its long term bull market. Expectation of Wilmar's forward trajectory is as illustrated on chart.

The Donovan Norfolk Technical Rating:
Long Term Bullish within Bull Market

The True Picture of Olam International, reflection of Global Commodities Market: 18 November 2018, Sunday, 11.30am Singapore Time

The True Picture of Olam International, reflection of Global Commodities Market: 
18 November 2018, Sunday, 11.30am Singapore Time

Today, I am going to point out certain facts (Universal Truths) about Olam:

1. As reiterated, 1st half of the bull market runs from 2008-2018 and 2nd half of bull market runs from 2018-2028
2. Olam has consolidated in a large symmetrical triangle during the first half of the bull market from 2008 to 2018, and 2nd half of the bull market is where majority gains are to be made.
3. Olam is on SuperCycle support right now. It is expected to follow either trajectory path 1 in green or path 2 in red. Path 2 represents a fake breakdown followed by real breakup, while Path 1 is a more simple rebound and breakup.
4. As 2018 has caused sentiments among retailers and ignorant fools to be bearish beyond doubt among them, 2018 has now proven to be a mid point of the 2008-2028 secular term bull market. This is in sync with secular economic cycles which I had taught all along in 2018.


Wednesday, 14 November 2018

Technical Analysis of Tractor Supply Company (NASDAQ: TSCO): 14 November 2018, Wednesday, 10.55pm Singapore Time

Technical Analysis of Tractor Supply Company (NASDAQ: TSCO): 
14 November 2018, Wednesday, 10.55pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Chart Technicals for Tractor Supply Company (NASDAQ: TSCO). It has completed an expanding triangle for high beta strong upmove. Expanding triangles which break out to the upside will often yield high price moves up. The volume flow tallies with strong smart money funds inflow. Bullish. Buy.


Technical Analysis of Pfizer (NYSE: PFE): 14 November 2018, Wednesday, 7.37pm Singapore Time


Technical Analysis of Pfizer (NYSE: PFE): 
14 November 2018, Wednesday, 7.37pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Chart Technicals for famous drug-maker Pfizer (NYSE: PFE). Pfizer is currently for short-selling. Pfizer is demonstrating a bullish rounding chart pattern, but it had been seeing funds outflow and had flipped into a short term funds outflow stock while bullish chart pattern was being formed. This is when funds flow on the stock takes priority over technical analysis. Expect retailers in the market to be killed (brilliant set-up). Expect $41.50 support to break down. Take profits of shorts after $41.50 breaks down. There is a good chance Pfizer would like to back-test the mid point of 50MA and 200MA or at the deepest -- 200MA as backtest of support.


Tuesday, 13 November 2018

Technical Analysis of General Electric (NYSE: GE): 13 November 2018, Tuesday, 11.18am Singapore Time

Technical Analysis of General Electric (NYSE: GE): 
13 November 2018, Tuesday, 11.18am Singapore Time
(Click on FFA Chart above to Expand)

Attached is Technicals of General Electric (NYSE: GE). Following my Funds Flow warning that smart monies were selling and shorting GE long term in early 2018, GE is indeed relentless in its collapse in price. One should still hold on to one's GE Shorts. As reiterated and maintained, this short-selling trade has got to be the best hedge for one's portfolio of longs/investments. Target price remains at $1.00, as maintained previously when GE was way above $10.00. This represents a -90% drop in prices. Maintains that GE is a highly profitable strong short-sell on rebound (Hedge longs using GE shorts). 

Previous Funds Flow Analysis of General Electric:


China A50 Index: 13 November 2018, Tuesday, 10.30am Singapore Time


China A50 Index: 
13 November 2018, Tuesday, 10.30am Singapore Time
(Click on Technical Chart above to Expand)

After taking profits of all my China Shorts,
I am adding again some buy position on China -- China A50 Index Longs.
I am chalking up longs/buys when most people are calling for global bear market, recession and market crisis.

Thursday, 8 November 2018

The True Picture of Singapore Stock Market, best reflection of Global Economic Health: 8 November 2018, Thursday, 11.22am Singapore Time


The True Picture of Singapore Stock Market, best reflection of Global Economic Health: 
8 November 2018, Thursday, 11.22am Singapore Time
(Click on Technical Chart above to Expand)

Today, I am going to point out certain facts (Universal Truths) about Singapore Stock Market:
1. The Singapore Stock Market is at the internal blue trend band support within the black super-cycle channel.
2. We have already back-tested the green classical support band twice in the past 10 years. This back-testing made up the 1st half of a SuperCycle Bull (2008-2018).
3. The next 2nd half of the SuperCycle Bull (2018-2028) will see Straits Times Index (STI) rally to 6000 points and beyond (Purple Trajectory). This means all the blue chips have +100% to +500% profit upside to go, mid caps have +500% to +1000% upside, and small caps have +1000% to +5000% upside, if we base on previous bull market cycles.

Reiterate:
Study my Technical Chart in detail for enlightenment: Fools are those in 2018 declaring for bear market, crisis or recessionary economy when we are in expansionary bull market of a lifetime -- with crazy upsides of once-in-a-lifetime as well.

Note:
The above represents Powerful Technicals of Straits Times Index from 1988 to 2018 (30 Years) with projection to 2028.

Tuesday, 6 November 2018

The True Picture of Yangzijiang Shipbuilding: 6 November 2018, Tuesday, 2.27pm Singapore Time


The True Picture of Yangzijiang Shipbuilding: 
6 November 2018, Tuesday, 2.27pm Singapore Time
(Click on Technical Chart above to Expand)

Today, I am going to point out certain facts (Universal Truths) about Yangzijiang Shipbuilding:
1. It has made the Very Long Term Resistance Band the Very Long Term Support Band now.
2. It has reinforced the Very Long Term Blue Support Band as strong Support Band now.
3. Actions 1 and 2 are used together with green circled region's backtest for major upmoves, in this case, the 2 actions are used to confirm for break-up of black resistance trendline, brewing for Super-Cycle upmove.
4. This is in sync with Super-Cycle large upmove in worldwide markets. Another minimum of +100% profits can be expected from here for Yangzijiang longs.
5. 90% of market herd representing market fools or fools' monies are clueless, cautious, bearish, recessionary in view and warning of bear market and market crisis worldwide. This is the brilliance of global market movements so far.
6. When Shipbuilding Industry is just switching from winter into newfound spring, global markets are just at halfway mark.
Lastly,
【Don't be a fool and follow the herd shouting for bear or drawing bearish charts-- cluelessly like a headless chicken.】

Tuesday, 30 October 2018

China 300 Index (CSI 300 Index): 30 October 2018, Tuesday, 11.20am Singapore Time


China 300 Index (CSI 300 Index): 
30 October 2018, Tuesday, 11.20am Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for The China 300 Index (The CSI 300 Index). The CSI 300 is a capitalization-weighted stock market index designed to replicate the performance of top 300 stocks (largest 300 blue chip China companies) traded in the Shanghai and Shenzhen stock exchanges. I am bullish of China at its bull market high-beta correction's bottom now. China markets, China stocks, China Indices, Hong Kong markets, Hong Kong stocks and Hong Kong Hang Seng Index are a buy for last 2 days of October of 2018. After closing all my live shorts on China with profits, I am flipping to buys on China at 3115.9 points now.

The Dow Jones Industrial Average Index (The DJIA): 30 October 2018, Tuesday, 9.39am Singapore Time

The Dow Jones Industrial Average Index (The DJIA): 
30 October 2018, Tuesday, 9.39am Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for The Dow Jones Industrial Average Index (The DJIA). I am calling for a pre-mature end to the US market correction as US markets are the strongest in the world. I am starting to slowly re-accumulate DJIA Longs again -- using the treacherous back-test highlighted in the confluence of green and black circled region as my pivot for longing. I am adding (averaging up) a batch of longs at 24512.7 points to my portfolio of DJIA longs, collected cheaply in 2016 and 2017 (received dividends periodically from these longs as well -- refer to past live analyses). Read in depth and understand the series of green circles, blue circles and black circles and you will gain skills, application knowledge, and wisdom in reading the market differently from the naive herd.

Past DJIA Analyses:
http://donovan-ang.blogspot.com/search/label/Dow%20Jones%20Industrial%20Average

Monday, 29 October 2018

The True Picture of Malaysia Stock Market : 29 October 2018, Monday, 8.08pm Singapore Time



The True Picture of Malaysia Stock Market : 
29 October 2018, Monday, 8.08pm Singapore Time
(Click on Technical Chart above to Expand)

Today, I am going to point out certain facts (Universal Truths) about Malaysia Stock Market:
1. Malaysia Stock Market is not in any bear market, in fact it is at attractive valuation level of a healthy correction within an extremely large super-cycle (within the blue channel). 2. Whenever black resistance-support trend bands that are in parallel are made supports, it always follows with a large super upwave (see technical chart). 3. We are currently near blue super-cycle channel support and at black trend band support. As can be seen, these are actually attractive bull valuation levels that yield large super-cycle upwaves. From here, KLCI would go around 2x up to above 3000 points. This means from here, many non-index stocks will go 2x to 20x in multifold returns.

Reiterate:
Fools in 2018 declare for bear market, crisis or recessionary economy when we are in expansionary bull market of a lifetime with crazy upsides of a supercycle to go.

Note:
The above represents Powerful Technicals of FTSE Bursa KLCI from 1977 to 2018 (41 Years) with projection to 2028.

Friday, 26 October 2018

The True Picture of Sembcorp Marine : 26 October 2018, Friday, 8.58am Singapore Time

The True Picture of Sembcorp Marine : 
26 October 2018, Friday, 8.58am Singapore Time
(Click on Technical Chart above to Expand)

Today, I am going to point out certain facts (Universal Truths) about Sembcorp Marine. Phase 1: Whenever Sembcorp Marine is under $3.00, it undergoes a massive accumulation and re-accumulation phase. Phase 2: Whenever it re-claims $3.00, it prepares for a mark-up phase, i.e. massive rally towards $5.80 to $6.00 sharply. 3. Whenever Sembcorp Marine hits $5.80 to $6.00, it prepares for a bear market in accordance to the standard economic cycle. 4. This analysis puts shame to ignorant fools calling for bear market, recessionary economy, or doing of any fear-mongering. This time it may be different, yes, Sembmarine may even go beyond $6.00 Long Term Resistance because this time we are in a Super-Cycle (S.C) move, with Crude Oil S.C Target at $175 per barrel.

Thursday, 25 October 2018

A Re-Glimpse into Singapore Straits Times Index and the Future of the World Economy : 25 October 2018, Thursday, 10.23pm Singapore Time


A Re-Glimpse into Singapore Straits Times Index and the Future of the World Economy : 
25 October 2018, Thursday, 10.23pm Singapore Time
(Click on Technical Chart above to Expand)

While the majority of the world are bearish with conviction with many declaring bear market, attached above is A Re-Glimpse into Singapore Straits Times Index and the Future of the World Economy. Just take note of 3 key points here: (1) Super-Cycle Impulsive Wave 1; (2) Large Bullish Ascending Triangle of Consolidation; (3) Super-Cycle Impulsive Wave 2.
Notice also where we are at the current correction (nearing black trend line support again).

Large Wave of AMD (NASDAQ: AMD): 25 October 2018, Thursday, 9.56pm Singapore Time

Large Wave of AMD (NASDAQ: AMD): 
25 October 2018, Thursday, 9.56pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals on the Large Wave of AMD for its long term bull market. Based on the Long Term Technical Price Structure of Pole-Flag-Pole with first light green pole in Relative-X, large bull flag in dark green and second light green pole measured in Relative-X, the price projection of AMD for its entire long term bull market wave can be determined at $120 per share. This will eventually hit an estimated market valuation of $159.49 billion (based on current projection) and may peak out from there. We are currently in extremely violent shakeout phase conducted by smart monies with agenda. $15-$19 represents re-accumulation zone. Large waves are for investors -- not for impatient traders. 


AT&T (NYSE: T): 25 October 2018, Thursday, 5.40pm Singapore Time

AT&T (NYSE: T):
25 October 2018, Thursday, 5.40pm Singapore Time
(Click on Technical Chart above to Expand)

If one is finding something to short to hedge against one's portfolio of longs, AT&T has highly vicious and highly malicious sell volume in Wall Street yesterday. This is a stock which will be driven down regardless of broad market and broad index direction. Congratulations to those who shorted at above $32.00 in accordance to my previous AT&T analysis as a hedge for portfolio of investments.

Previous AT&T Analyses:
https://donovan-ang.blogspot.com/search/label/AT%26T




Dow Jones Industrial Average: 25 October 2018, Thursday, 6.10am Singapore Time

Dow Jones Industrial  Average:
25 October 2018, Thursday, 6.10am Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the latest development in Dow Jones Industrial Average (DJIA), giving a glimpse of general equity market conditions in the US. Based on the current short term wave that is being formed, this wave's target is tentatively at 23321-23806 pts band to end the US correction. This will coincide with a double bottom, forcing the smoothed MA in blue to backtest yet again the green support cloud formed by the 50MA and 200MA. While Asia Markets and Emerging Markets are trying to bottom out, the US is merely doing a late retarded correction (catch-up correction) as a signal that it is the strongest market in the world. Seems like the US equity markets would not like to see a Trump-victory for the upcoming US midterm election, preferring to rain and drench the Republicans and making the rain more like sweet dew for the Democrats.




Updated China Technicals reflecting Equity Markets of China and Hong Kong: 25 October 2018, Thursday, 12.01am Singapore Time


Updated China Technicals reflecting Equity Markets of China and Hong Kong: 
25 October 2018, Thursday, 12.01am Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the Technicals for iShares China Large Cap ETF (NYSE: FXI) representing the basket of China's greatest blue chip stocks making up the ETF basket. China large caps are now at the 50% retracement zone. The 50%-retracement zone in dark green is now meeting the light-orange channel whose width and angle has been formed by the red-coloured same-angled resistance slopes as illustrated on chart. The end of correction within healthy bull market for China is more or less here -- downside limited, upside lucrative, hence forming an excellent reward-risk ratio (buying zone) for Chinese and Hong Kong stock markets. Asia-Pacific and Emerging Markets' corrections are at bottom now. After taking profits of all China shorts off the table, I am beginning to collect China buys now.  Notice how I transit from shorts to longs slowly and in stages -- like how water flows.


Tuesday, 23 October 2018

Updated China 300 Index Technicals reflecting Equity Markets of China and Hong Kong: 23 October 2018, Tuesday, 7.53pm Singapore Time


Updated China 300 Index Technicals reflecting Equity Markets of China and Hong Kong: 
23 October 2018, Tuesday, 7.53pm Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the Technicals for China 300 Index. Following my August and September 2018 expectation and with live trade shorts taken at 3253.5 points, 3245.9 points, 3268.5 points and 3219.9 points, I am taking profits of all China Shorts (as well as Hong Kong Shorts) tonight. As reiterated this week: China's and Hong Kong's True Bottom is in place. Asia's true bottom from this mid-term correction of 2018 is also synchronously in place.
(The short-mid term China Shorts acting as hedges for my investment portfolio of longs is coming to an end -- I am having no more short positions as hedges anymore)

This brings my shorts to a total of ZERO now as I take profits of everything single shorts while sentiment is a max bearishness from the majority herd in the international financial markets now.

Related Trade:
Direxion Daily FTSE China Bear 3x ETF shares (AMEX: YANG) will be closed as well tonight.

Past Live Track Records/Analyses:
http://donovan-ang.blogspot.com/search/label/China%20300%20Index